(75 ILCS 10/15) (from Ch. 81, par. 125)
Sec. 15.
Any
person wishing to make donations of money, personal property or real
estate for the benefit of any library system may vest title to such
property in the board of directors of such library system to be held and
controlled by such board, when accepted, according to the terms of the
deed, gift or legacy of such property. The board
shall be held and
considered to be a special trustee of such donated property in accordance
with the wishes of the donor, grantor or testator, and shall be accountable
therefor.
The board may invest funds until utilized and interest earned shall be
subject to the same limitations as the principal.
(Source: P.A. 83-388.)
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